Nordnet AB (SAVE) - Net Assets

Latest as of December 2025: Skr7.48 Billion SEK ≈ $804.97 Million USD

Based on the latest financial reports, Nordnet AB (SAVE) has net assets worth Skr7.48 Billion SEK (≈ $804.97 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Skr309.41 Billion ≈ $33.30 Billion USD) and total liabilities (Skr301.93 Billion ≈ $32.49 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Nordnet AB liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Skr7.48 Billion
% of Total Assets	2.42%
Annual Growth Rate	15.83%
5-Year Change	24.87%
10-Year Change	277.99%
Growth Volatility	17.2

Nordnet AB - Net Assets Trend (2004–2025)

This chart illustrates how Nordnet AB's net assets have evolved over time, based on quarterly financial data. Also explore Nordnet AB assets under control for the complete picture of this company's asset base.

Annual Net Assets for Nordnet AB (2004–2025)

The table below shows the annual net assets of Nordnet AB from 2004 to 2025. For live valuation and market cap data, see SAVE stock market capitalisation.

Year	Net Assets	Change
2025-12-31	Skr7.48 Billion ≈ $804.97 Million	-5.74%
2024-12-31	Skr7.94 Billion ≈ $854.01 Million	+3.03%
2023-12-31	Skr7.70 Billion ≈ $828.90 Million	+27.31%
2022-12-31	Skr6.05 Billion ≈ $651.09 Million	+1.00%
2021-12-31	Skr5.99 Billion ≈ $644.63 Million	+42.22%
2020-12-31	Skr4.21 Billion ≈ $453.25 Million	+37.74%
2019-12-31	Skr3.06 Billion ≈ $329.07 Million	+53.79%
2018-12-31	Skr1.99 Billion ≈ $213.97 Million	-1.80%
2017-12-31	Skr2.02 Billion ≈ $217.88 Million	+2.31%
2016-12-31	Skr1.98 Billion ≈ $212.96 Million	+5.60%
2015-12-31	Skr1.87 Billion ≈ $201.67 Million	+7.02%
2014-12-31	Skr1.75 Billion ≈ $188.45 Million	+7.74%
2013-12-31	Skr1.63 Billion ≈ $174.92 Million	+7.36%
2012-12-31	Skr1.51 Billion ≈ $162.93 Million	+5.93%
2011-12-31	Skr1.43 Billion ≈ $153.81 Million	+15.16%
2010-12-31	Skr1.24 Billion ≈ $133.56 Million	+19.75%
2009-12-31	Skr1.04 Billion ≈ $111.53 Million	+21.68%
2008-12-31	Skr851.76 Million ≈ $91.66 Million	+4.87%
2007-12-31	Skr812.24 Million ≈ $87.41 Million	+17.48%
2006-12-31	Skr691.41 Million ≈ $74.41 Million	+34.40%
2005-12-31	Skr514.43 Million ≈ $55.36 Million	+50.65%
2004-12-31	Skr341.47 Million ≈ $36.75 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Nordnet AB's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 10145400000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	Skr1.00 Million	0.01%
Other Components	Skr7.51 Billion	100.39%
Total Equity	Skr7.48 Billion	100.00%

Nordnet AB Competitors by Market Cap

The table below lists competitors of Nordnet AB ranked by their market capitalization.

Company	Market Cap
NEW ORIENT.EDU.+TE.ADR/10 F:N1UA	$8.11 Billion
BOK Financial Corporation NASDAQ:BOKF	$8.11 Billion
Nexgen Energy (Canada) Ltd AU:NXG	$8.12 Billion
Persistent Systems Limited NSE:PERSISTENT	$8.12 Billion
Compania de Minas Buenaventura SAA ADR NYSE:BVN	$8.11 Billion
Hoa Phat Group JSC VN:HPG	$8.09 Billion
Cullen/Frost Bankers Inc NYSE:CFR	$8.09 Billion
Unity Software Inc NYSE:U	$8.09 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Nordnet AB's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 7,935,700,000 to 7,479,000,000, a change of -456,700,000 (-5.8%).
Net income of 2,955,000,000 contributed positively to equity growth.
Share repurchases of 604,000,000 reduced equity.
Other comprehensive income increased equity by 105,900,000.
Other factors decreased equity by 2,913,600,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Skr2.96 Billion	+39.51%
Share Repurchases	Skr604.00 Million	-8.08%
Other Comprehensive Income	Skr105.90 Million	+1.42%
Other Changes	Skr-2.91 Billion	-38.96%
Total Change	Skr-	-5.76%

Book Value vs Market Value Analysis

This analysis compares Nordnet AB's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 10.13x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 140.26x to 10.13x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	Skr2.16	Skr303.00	x
2005-12-31	Skr3.06	Skr303.00	x
2006-12-31	Skr4.06	Skr303.00	x
2007-12-31	Skr4.78	Skr303.00	x
2008-12-31	Skr5.03	Skr303.00	x
2009-12-31	Skr6.14	Skr303.00	x
2010-12-31	Skr7.24	Skr303.00	x
2011-12-31	Skr8.17	Skr303.00	x
2012-12-31	Skr8.65	Skr303.00	x
2013-12-31	Skr9.26	Skr303.00	x
2014-12-31	Skr9.98	Skr303.00	x
2015-12-31	Skr10.72	Skr303.00	x
2016-12-31	Skr11.39	Skr303.00	x
2017-12-31	Skr8.10	Skr303.00	x
2018-12-31	Skr7.95	Skr303.00	x
2019-12-31	Skr12.23	Skr303.00	x
2020-12-31	Skr16.85	Skr303.00	x
2021-12-31	Skr23.85	Skr303.00	x
2022-12-31	Skr24.14	Skr303.00	x
2023-12-31	Skr30.82	Skr303.00	x
2024-12-31	Skr31.54	Skr303.00	x
2025-12-31	Skr29.91	Skr303.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Nordnet AB utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 39.51%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 44.98%
• Asset Turnover: 0.02x
• Equity Multiplier: 41.37x
Recent ROE (39.51%) is above the historical average (21.69%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	24.58%	22.20%	0.14x	8.15x	Skr49.80 Million
2005	28.32%	33.56%	0.07x	11.42x	Skr94.25 Million
2006	29.90%	28.37%	0.07x	14.58x	Skr137.58 Million
2007	24.17%	24.99%	0.05x	18.04x	Skr115.08 Million
2008	16.21%	19.65%	0.05x	15.12x	Skr52.88 Million
2009	19.62%	22.08%	0.04x	22.92x	Skr99.71 Million
2010	16.49%	18.25%	0.04x	23.20x	Skr80.52 Million
2011	18.90%	24.92%	0.04x	20.33x	Skr127.22 Million
2012	12.48%	20.13%	0.03x	20.73x	Skr37.53 Million
2013	14.48%	22.59%	0.03x	24.49x	Skr72.62 Million
2014	15.91%	24.47%	0.02x	28.18x	Skr103.27 Million
2015	19.15%	27.93%	0.02x	32.20x	Skr171.13 Million
2016	15.01%	24.21%	0.02x	35.60x	Skr99.16 Million
2017	8.26%	13.12%	0.02x	39.68x	Skr-35.13 Million
2018	5.94%	8.40%	0.02x	46.33x	Skr-80.77 Million
2019	11.10%	20.25%	0.01x	37.81x	Skr33.72 Million
2020	27.84%	41.48%	0.02x	39.89x	Skr751.56 Million
2021	33.13%	53.05%	0.02x	38.82x	Skr1.39 Billion
2022	27.31%	44.13%	0.02x	34.20x	Skr1.05 Billion
2023	33.48%	49.67%	0.02x	28.85x	Skr1.81 Billion
2024	35.45%	47.05%	0.02x	34.43x	Skr2.02 Billion
2025	39.51%	44.98%	0.02x	41.37x	Skr2.21 Billion

Industry Comparison

This section compares Nordnet AB's net assets metrics with peer companies in the Capital Markets industry.

Industry Context

Industry: Capital Markets
Average net assets among peers: $235,469,047
Average return on equity (ROE) among peers: -388.39%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Nordnet AB (SAVE)	Skr7.48 Billion	24.58%	40.37x	$8.11 Billion
CoinShares International Ltd (CS)	$269.95 Million	-1206.08%	19.01x	$509.93 Million
Havsfrun Investment AB (publ) (HAV-B)	$205.71 Million	-8.15%	0.01x	$15.55 Million
Mangold Fondkommission AB (MANG)	$230.75 Million	49.07%	3.42x	$86.65 Million

About Nordnet AB

ST:SAVE Sweden Capital Markets

Market Cap

$8.11 Billion

Skr75.36 Billion SEK

Market Cap Rank

#2596 Global

#37 in Sweden

Share Price

Skr303.00

Change (1 day)

+0.07%

52-Week Range

Skr245.80 - Skr346.60

All Time High

Skr346.60